Gas Station And Convenience Store Asset Sale Seller Financing Available For Sale

Description

Branded gas station and convenience store for sale in Essex County, Massachusetts. The station operates under a commission-based fuel model and is located at a busy intersection.

Financial profile

• Convenience store sales: approximately $1.02 million annually
• Reported in-store gross margin: approximately 35%
• Reported annual net profit: approximately $156,411
• Fuel volume: approximately 70,000 gallons per month
• Approximately 2,500 lottery transactions per month
• Annual lottery sales: nearly $1 million

Additional income is generated from fuel commissions, lottery commissions, ATM fees, air and vacuum services and fuel-related rebates.

Real estate and lease

The seller owns the underlying property and plans to provide the buyer with a new 10-year lease. The real estate itself is not represented as part of the business sale.

Buyers should review the proposed rent, increases, options, CAM or tax obligations and other lease terms before closing.

Fuel operation

The business operates as a branded commission-based station rather than purchasing and reselling fuel under a traditional dealer model.

The seller states that the fuel supplier maintains the above-ground and underground fuel equipment, with hoses and nozzles excluded from that arrangement.

Convenience store

The store produces the majority of its direct retail sales from convenience products and benefits from traffic generated by the fuel operation.

The property has already received approval for a deli buildout, according to the seller. A buyer could use the approved space to introduce prepared food, subject to completing the buildout and meeting applicable food-service requirements.

Growth

• Build and open the approved deli
• Increase prepared-food sales
• Increase average in-store transaction size
• Expand higher-margin convenience categories
• Develop additional food and beverage offerings

Seller financing

The seller states that financing of up to 50% of the transaction may be available to a qualified buyer. Final terms would need to be negotiated directly with the seller.

Due diligence

Buyers should verify historical financials, reported net profit, fuel commission structure, gallons pumped, convenience store margins, lottery commissions, rebate income, supplier agreements, inventory, proposed lease terms and deli approvals before closing.

Fuel operations should also be reviewed for underground storage tank responsibility, environmental compliance, insurance and supplier branding requirements. Lottery, food service and other regulated activities remain subject to applicable Massachusetts and local licenses and approvals.